Goldman Sachs Faces Losses After Technical Glitch Sent Erroneous Trades
A software error is said to be responsible for sending mispriced orders to exchanges operated by NYSE Euronext, Nasdaq OMX and the Chicago Board Options Exchange at the opening of the trading day.
"The exchanges are working to resolve the issue. Neither the risk nor the potential loss is material to the financial condition of the firm," says a spokesperson from Goldman Sachs.
Under Investigation
According to a trader notice from NYSE Amex Options, the exchange is reviewing a large number of
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